Browsing: Government Schemes

The government of India enacts the Employee Provident Fund law in 1952. The aim was to provide social security scheme to the salaried class. It was a form of ‘forced saving’. However, the intention of the…

The subscribers of National Pension System take numerous tax benefits. Now they can avail more tax benefit on redemption of the retirement fund from National Pension System. Till now only NPS subscribers provided tax benefits…

Every salaried employee has to contribute a small part their salary to Employees provident fund (EPF). And get fixed interest rate in return. Interest rate 8.8% is fixed for this Financial Year 2016-2017.Employee Provident Fund…

PFRDA stands for Pension Fund Regulatory and Development Authority. In India PFRDA regulates the all the Pension schemes. In a recent development Pension Fund Regulatory and Development Authority (PFRDA) is planning to launch two new…

Employee Provident fund(EPF) or simply provident fund is corpus, in which both the employee and employer make contributions. The reason to contribute in this scheme is to build retirement corpus for the employee. It is…

Pension Plans offered by Life Insurance Cos. have not gained momentum compared with the National Pension System (NPS) partly due to lack of liquidity and poor returns. The yields offered are not competitive when compared…